We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toyota (TM) to Pour Billions into U.S. Over Next 5 Years
Read MoreHide Full Article
Share price of Toyota Motor Corporation (TM - Free Report) increased marginally to $119.76 after the company announced plans to invest $10 billion in the U.S. over the next five years. The investments will be utilized to fund the construction of the company’s new North American headquarters in Texas and to upgrade a few plants to meet the rise in demand for fuel efficient vehicles.
Toyota is focused on expanding some of its plants in the U.S in the next five years. However, the automaker did not provide any details on the employment opportunities the expansion drive will create.
Meanwhile, Toyota has been facing criticism from President-elect Donald Trump due to its plans to shift production of Corolla to Mexico from Canada. The company stated that it supports the President-elect’s goal to boost production and employment in the U.S. Though the company has extensive manufacturing operations in the U.S., it runs a global business and thus needs to be competitive. If a border adjustability tax is levied, it will unnecessarily raise vehicle prices, per Toyota’s North America Chief Executive Jim Lentz.
Toyota has underperformed the Zacks categorized Auto-Manufacturers-Foreign industry over a year. Share price of the company increased 3.4% over the past one year while the industry saw a 6.2% increase. This was largely due to the slashed guidance for earnings, operating income and revenues for fiscal 2017. Settlement of a U.S. truck lawsuit, string of product recalls and declining sales outside Japan also affected the share price.
Fox Factory has an expected earnings growth rate of around 16.6% for the current year. Oshkosh has a long-term growth rate of 8.4% while the same for GKN is pegged at 6.3%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Toyota (TM) to Pour Billions into U.S. Over Next 5 Years
Share price of Toyota Motor Corporation (TM - Free Report) increased marginally to $119.76 after the company announced plans to invest $10 billion in the U.S. over the next five years. The investments will be utilized to fund the construction of the company’s new North American headquarters in Texas and to upgrade a few plants to meet the rise in demand for fuel efficient vehicles.
Toyota is focused on expanding some of its plants in the U.S in the next five years. However, the automaker did not provide any details on the employment opportunities the expansion drive will create.
Meanwhile, Toyota has been facing criticism from President-elect Donald Trump due to its plans to shift production of Corolla to Mexico from Canada. The company stated that it supports the President-elect’s goal to boost production and employment in the U.S. Though the company has extensive manufacturing operations in the U.S., it runs a global business and thus needs to be competitive. If a border adjustability tax is levied, it will unnecessarily raise vehicle prices, per Toyota’s North America Chief Executive Jim Lentz.
Toyota Motor Corp Ltd Ord Price
Toyota Motor Corp Ltd Ord Price | Toyota Motor Corp Ltd Ord Quote
Price Performance
Toyota has underperformed the Zacks categorized Auto-Manufacturers-Foreign industry over a year. Share price of the company increased 3.4% over the past one year while the industry saw a 6.2% increase. This was largely due to the slashed guidance for earnings, operating income and revenues for fiscal 2017. Settlement of a U.S. truck lawsuit, string of product recalls and declining sales outside Japan also affected the share price.
Zacks Rank & Key Picks
Toyota currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the auto space include Oshkosh Corporation (OSK - Free Report) , Fox Factory Holding Corp (FOXF - Free Report) and GKN plc . All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected earnings growth rate of around 16.6% for the current year. Oshkosh has a long-term growth rate of 8.4% while the same for GKN is pegged at 6.3%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>